Oracle Corporation reported a 7% increase in total revenues year-over-year for the first quarter of fiscal 2025, reaching $13.307 billion. The growth was primarily driven by a $1.0 billion rise in cloud and license revenues, which now represent 86% of total revenues. Despite a decrease in hardware and services revenues, the company's total operating margin improved to 30%, up from 26% in the previous year. The cloud and license business saw a 10% revenue increase, attributed to a surge in cloud services revenues as customers adopted and renewed cloud contracts. The hardware business experienced an 8% revenue decline, reflecting a strategic shift towards cloud-based infrastructure technologies. Services revenues also fell by 9%, due to a reduction in primary services offerings. Oracle's future plans include expanding...Show More

Oracle Corporation reported a 7% increase in total revenues year-over-year for the first quarter of fiscal 2025, reaching $13.307 billion. The growth was primarily driven by a $1.0 billion rise in cloud and license revenues, which now represent 86% of total revenues. Despite a decrease in hardware and services revenues, the company's total operating margin improved to 30%, up from 26% in the previous year. The cloud and license business saw a 10% revenue increase, attributed to a surge in cloud services revenues as customers adopted and renewed cloud contracts. The hardware business experienced an 8% revenue decline, reflecting a strategic shift towards cloud-based infrastructure technologies. Services revenues also fell by 9%, due to a reduction in primary services offerings. Oracle's future plans include expanding cloud services and license offerings, expecting this trend to continue. The company's investments in Ampere Computing Holdings LLC, a related party entity, totaled $1.5 billion as of August 31, 2024, with additional investments made during the quarter. Oracle's effective tax rate for the quarter was 7.6%, and the company does not anticipate material impacts on its financial position or results of operations from ongoing litigation or privacy class action.